Daily Equity News Letter By Global Mount Money 24-01-2014

Online, January 30, 2014 (Newswire.com) - Daily Equity News Letter By Global Mount Money 24-01-2014
MARKET WRAP FOR EQUITY

• The market remains directionless as it is eagarly waiting for RBI monetary policy due next week. The Sensex rose 8.61 points to 21,346.28 while the Nifty fell 0.95 points to 6,338.

• Indian rupee declined in the opening trade on Thursday. It fell 13 paise to 61.94 against US dollar versus previous day's closing value of 61.81 per dollar.

GMM DAILY NIFTY TRENDS

Trend: - Consolidate
Resistance: - 6380, 6420
Support: - 6230, 6270
Strategy: - Buy On Dips

GMM DAILY BANK NIFTY TRENDS

Trend: - Bullish
Resistance: - 11330, 11530
Support: - 10930, 11090
Strategy: - Buy On Dips

Stock Recommendation

Global Mount Money's stock recommendation for 23/01/14 Raymond, Cairn India, Escorts Ltd, Apollo Tyre

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